What are the responsibilities and job description for the Project Accountant, Capital & Development Projects position at Loews Hotels & Co Corporate Office?
Headquartered in New York City, located in the heart of Midtown Manhattan, our Loews Hotels & Co Home Office teams support our properties throughout the United States. Our talented teams provide guidance over strategic planning, operations, revenue management, communications, sales, development, brand marketing, finance, human resources and information technology..Who We Are:Founded in 1960, Loews Hotels & Co operates iconic hotels and resorts across the U.S. Together, our diverse and welcoming teams craft exceptional experiences in iconic destinations.Growth and belonging start here; you'll be valued for who you are and the goals you have. Whether your next career chapter involves making memories for guests or supporting our properties in our Corporate Office, every role-from Guest Services to Finance, Culinary to IT-offers opportunities to grow and make a meaningful impact.Creating a Team Member experience where you belong no matter what race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status that makes you, you is a daily focus for us.What We Offer:Competitive health & wellness benefits, 401(k) & company matchPaid Sick Days, Vacation, and Holidays, Paid BereavementPet Insurance and Paid Pet BereavementTraining & Development opportunities, career growthTuition ReimbursementTeam Member Hotel Rates, other discounts, perks and moreMany of our Leadership positions are bonus eligibleWhat We're Looking For:As a Project Accountant, you'll be a strategic partner to our Home Office leadership, driving financial excellence across centrally managed capital projects and new developments. Your work will shape the financial integrity of our initiatives, ensuring precision in reporting, compliance in execution, and seamless project closeouts. This role contributes directly to the success of our hospitality portfolio by elevating finance operations and continually enhancing controls and reporting.Who You Are:A proactive financial partner who collaborates seamlessly with leadership to drive project success from budgeting to closeoutDetail-driven, ensuring accuracy and compliance across complex capital and development initiativesA strategic thinker who brings clarity to financial reporting and elevates project controls through smart analysisA clear and confident communicator who builds trust across departments and vendors with clear, timely, and solution-oriented dialogueResults-focused, thrives in fast-paced environments and takes pride in delivering financial excellence in hospitality projectsVeterans and military spouses are encouraged to applyWhat You'll Do:Project Tracking & Accounting (Includes Centrally Managed Projects and New Development Project Accounting)Effectively communicate with various discipline leaders regarding contract documents, change orders and other contract modifications and approvalsCoordinate and manage Purchase Orders/Commitments for contract and other applicable services ensuring complianceCoordinate and manage change order requests in Oracle for line level budget changes per policy for capital, operating and development projectsReview vendor invoices per established Finance PolicyManage vendors and contractor relationships as it relates to invoice and payment information; Investigate queries and follow up for timely paymentUpdate and maintain Project Final Cost (PFC) Reports and cash flow projects for all projectsVerify all data for accuracy on the PFC ReportsPrepare monthly invoice/draw package (when applicable) including all applicable backup for new development projectsSupport the Project Manager in preparation of contracts and supporting documents in pay application review and approvalReview open PO and Project Close Out Aging report for support projectsAttend monthly PFC Report review meeting with project management teamReporting & Month End Journal EntriesPrepare daily, weekly and monthly project status reports and exception reportingProvide analytical support to effectively manage capital project cash flow and expendituresPrepare and submit miscellaneous project cost postings in OracleContractsReview contract related Purchase Requisitions to ensure requests follow the Contract and Purchasing PolicyMaintain change log and facilitate change orders when necessaryMaintain Contract Project TrackerEnsure Purchase Order numbers are entered in Docusign CLMProject Management - OracleMonitor payables module and ensure invoice holds/exceptions are addressed on a weekly basisLiaison with Accounts Payable and Financial Services Center team members to troubleshoot Oracle Project/PO related questionsOtherAssist with any updates to Loews Hotels Policies & Procedure Manual as neededAttend all required training sessions and meetingsPerform other duties as assignedMay be required to work varying schedules to reflect business needsRegular attendance in conformance with company policy and standardsYour Qualifications Include:Bachelor's degree in finance, accounting, or relevant/similar discipline required2 - 4 years of project accounting or similar experience requiredMust have understanding and knowledge of basic accounting principlesPrevious experience in Facilities/Construction and/or similar field preferredAdvanced computer skills, specifically in construction management software and Microsoft Office (Excel, Word, PowerPoint, Teams); experience with databasesDemonstrated ability to work with cross-functional teams and senior stakeholdersStrong written and verbal communication skills and interpersonal skillsMust be highly detail oriented with the ability to manage large volumes of dataExcellent time management skillsWillingness and ability to travel approximately 10% of the time.Salary range for this position, based on experience, is $64,350.00 to $80,000.00.Loews Hotels & Co is an Equal Opportunity Employer that does not discriminate on the basis of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth and pregnancy-related conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, genetic information, or any other characteristic protected by applicable federal, state or local laws and ordinances.
Salary : $67,000 - $87,900